The Association of British Insurers (ABI) has issued its harshest caution on Brexit and warned that any future arrangement with the EU that required the UK to comply with rules it had no say over could be “weaponised”.
Huw Evans, director general of the ABI, stated at its annual dinner that a no-deal Brexit “would be an unforgivable act of economic and social self-harm that the UK would live to regret”.
He added: “As a last resort, if the only alternative to no deal is some form of short delay
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